Reported 9 days ago
Suze Orman suggests that establishing a Roth IRA for children can significantly boost their financial futures, potentially allowing them to amass over a million dollars by retirement if they invest consistently. She highlights the benefits of compound interest and tax-free growth, making it an ideal vehicle for building wealth. Parents can enhance the appeal by offering matching contributions and focusing on long-term stock investments, setting their kids up for success while reinforcing the importance of saving.
Source: YAHOO